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SM Energy stock: key metrics
SMSM Energy had an operating margin of 26.1% and a return on invested capital (ROIC) of 8.9% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 71.0% | 38.4% | 24.1% |
| 2007 | 67.7% | 32.3% | 19.2% |
| 2008 | 69.0% | 13.2% | 6.7% |
| 2009 | 60.8% | −15.7% | −11.9% |
| 2010 | 34.6% | 37.1% | 21.5% |
| 2011 | 38.3% | 27.4% | 15.4% |
| 2012 | 23.8% | −1.3% | −3.5% |
| 2013 | 34.8% | 16.3% | 7.5% |
| 2014 | 40.2% | 46.2% | 26.4% |
| 2015 | −8.6% | −38.2% | −29.6% |
| 2016 | −17.6% | −89.6% | −64.2% |
| 2017 | 15.5% | −13.0% | −12.8% |
| 2018 | 29.7% | 51.0% | 31.0% |
| 2019 | 16.5% | −4.4% | −11.8% |
| 2020 | −4.4% | −94.9% | −67.9% |
| 2021 | 50.7% | 8.0% | 1.4% |
| 2022 | 63.4% | 47.2% | 33.2% |
| 2023 | 47.0% | 41.7% | 34.6% |
| 2024 | 45.9% | 40.3% | 28.8% |
| 2025 | 31.9% | 26.1% | 20.5% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 25.6% | 16.5% | 10.0% |
| 2007 | 22.0% | 15.8% | 7.4% |
| 2008 | 7.7% | 7.0% | 3.2% |
| 2009 | −10.2% | −6.9% | −4.2% |
| 2010 | 16.2% | 14.5% | 7.2% |
| 2011 | 14.7% | 12.6% | 5.7% |
| 2012 | −3.8% | −0.6% | −1.3% |
| 2013 | 10.6% | 7.8% | 3.6% |
| 2014 | 29.1% | 19.3% | 10.2% |
| 2015 | −24.2% | −10.2% | −8.0% |
| 2016 | −30.3% | −17.1% | −11.9% |
| 2017 | −6.7% | −2.5% | −2.6% |
| 2018 | 17.4% | 12.5% | 8.0% |
| 2019 | −6.8% | −1.0% | −3.0% |
| 2020 | −37.9% | −17.3% | −15.4% |
| 2021 | 1.8% | 4.1% | 0.7% |
| 2022 | 36.0% | 31.1% | 19.5% |
| 2023 | 22.6% | 19.9% | 12.8% |
| 2024 | 18.2% | 14.7% | 9.0% |
| 2025 | 13.5% | 8.9% | 7.0% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 14 Nov 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.